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IA
Independence Advisors Portfolio holdings
AUM
$466M
1-Year Est. Return
11.32%
This Fund
S&P 500
This Quarter
Est. Return
-10.84%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$301M
AUM Growth
-$35.1M
(-10%)
Cap. Flow
+$703M
Cap. Flow
% of AUM
233.69%
Top 10 Holdings %
Top 10 Hldgs %
72.24%
Holding
98
New
5
Increased
21
Reduced
42
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$700M |
| 2 |
iShares National Muni Bond ETF
MUB
|
+$3.51M |
| 3 |
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
|
+$2.64M |
| 4 |
Vanguard Small-Cap Value ETF
VBR
|
+$2.46M |
| 5 |
iShares S&P 500 Growth ETF
IVW
|
+$2.44M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$4.66M |
| 2 |
Vanguard Value ETF
VTV
|
+$4M |
| 3 |
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
|
+$3.37M |
| 4 |
Vanguard Total Stock Market ETF
VTI
|
+$2.64M |
| 5 |
iShares Russell 1000 Growth ETF
IWF
|
+$1.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 1.75% |
| 2 | Consumer Discretionary | 1.6% |
| 3 | Technology | 1.51% |
| 4 | Financials | 1.46% |
| 5 | Materials | 1.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard Value ETF
VTV
$189B
| $35.6M | 11.83% |
363,105
-38,038
| -9% | -$4M |
|
|
2
iShares Russell 1000 Growth ETF
IWF
$122B
| $34.3M | 11.41% |
1,048,808
-36,776
| -3% | -$1.3M |
|
3
Vanguard Growth ETF
VUG
$216B
| $33.4M | 11.11% |
1,492,764
-52,950
| -3% | -$1.28M |
|
4
iShares MSCI EAFE ETF
EFA
$76.4B
| $30.2M | 10.04% |
513,489
-2,118
| -0.4% | -$132K |
|
5
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $25M | 8.3% |
307,027
+10,977
| +4% | +$879K |
|
|
6
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $14.5M | 4.83% |
137,951
-44,545
| -24% | -$4.66M |
|
|
7
iShares S&P 500 Growth ETF
IVW
$72.5B
| $13.5M | 4.51% |
359,704
+60,200
| +20% | +$2.44M |
|
8
iShares Russell 1000 Value ETF
IWD
$82B
| $13.3M | 4.42% |
119,715
+5,752
| +5% | +$689K |
|
9
iShares MSCI EAFE Value ETF
EFV
$27.6B
| $8.87M | 2.95% |
196,188
+47,652
| +32% | +$2.3M |
|
|
10
iShares National Muni Bond ETF
MUB
$45.1B
| $8.56M | 2.85% |
78,488
+32,620
| +71% | +$3.51M |
|
|
11
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
| $7.28M | 2.42% |
76,881
+26,008
| +51% | +$2.64M |
|
12
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
| $6.96M | 2.31% |
136,244
+1,961
| +1% | +$98.8K |
|
13
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $6.59M | 2.19% |
177,725
-5,419
| -3% | -$215K |
|
|
14
Vanguard Small-Cap Value ETF
VBR
$37.1B
| $5.43M | 1.8% |
47,572
+19,447
| +69% | +$2.46M |
|
15
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $4.64M | 1.54% |
121,916
+28,351
| +30% | +$1.1M |
|
16
McDonald's
MCD
$188B
| $3.75M | 1.25% |
21,124
-72
| -0.3% | -$12.8K |
|
17
PPG Industries
PPG
$25.9B
| $3.07M | 1.02% |
30,005
| – | – |
|
18
iShares S&P 500 Value ETF
IVE
$48.9B
| $3.05M | 1.01% |
30,146
-46
| -0.2% | -$5.03K |
|
|
19
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $2.15M | 0.72% |
44,850
-70,565
| -61% | -$3.37M |
|
20
Apple
AAPL
$4.89T
| $2.1M | 0.7% |
53,348
-8
| -0% | -$388 |
|
|
BMTC
21
DELISTED
Bryn Mawr Bank Corp
BMTC
| $2.04M | 0.68% |
59,168
| – | – |
|
22
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
| $1.98M | 0.66% |
30,034
+10,056
| +50% | +$746K |
|
23
Vanguard Global ex-US Real Estate ETF
VNQI
$3.46B
| $1.87M | 0.62% |
35,631
+29,894
| +521% | +$1.61M |
|
24
Pfizer
PFE
$140B
| $1.78M | 0.59% |
43,058
-1,098
| -2% | -$45.6K |
|
25
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $1.61M | 0.54% |
10,706
+4,325
| +68% | +$713K |
|
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Independence Advisors's Q4 2018 Portfolio in Review
As of Q4 2018, Independence Advisors held 98 positions worth $301M, down 10% from $336M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Independence Advisors deployed $703M of net new capital in Q4 2018, opening 5 new positions and adding to 21 existing holdings. Its largest new stake was Berkshire Hathaway Class A: 2,237 shares worth $457K.
By sector, the portfolio is most concentrated in Healthcare at 1.8% of assets, up from 1.7% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was iShares Short-Term National Muni Bond ETF, an estimated $4.66M trimmed.
- Independence Advisors's largest Q4 2018 buy was Berkshire Hathaway Class A: 2,237 shares worth $457K.
- Independence Advisors added most to iShares National Muni Bond ETF in Q4 2018, an estimated $3.51M increase.
- Independence Advisors's biggest Q4 2018 reduction was iShares Short-Term National Muni Bond ETF, cutting an estimated $4.66M.
- Independence Advisors fully exited TJX Companies in Q4 2018, selling an estimated $233K.
- Independence Advisors's ten largest holdings make up 72% of its $301M portfolio in Q4 2018.
- Independence Advisors opened 5 new positions and closed 10 in Q4 2018.
- Independence Advisors's portfolio value fell 10% quarter-over-quarter to $301M.
Based on Independence Advisors's 13F filing for Q4 2018, filed 31 Jan 2019.